[NEWS] Why the hell is Robinhood worth $7.6B? – Loganspace

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[NEWS] Why the hell is Robinhood worth $7.6B? – Loganspace


Hiya and welcome wait on to Equity, TechCrunch’s inviting in capital-centered podcast, where we unpack the numbers within the wait on of the headlines.

This used to be a different week for us due to theDannyused to be wait on within the gap of enterprise, which meant we cornered him into coming on the voice. Danny, of course, is an Equity standard. Also aboard this week were our standard hosts,KateandAlex.

We were relieved to love three hosts due to the there used to be heaps of recordsdata to gain by, from IPOs to unhurried-stage financings to miniature seed fundings, and we shit you not, camping!

Up first used to be thein an instant-drawing shut WeWork IPO. WeWork, also identifiedas The We Firm, filed to switch publica whereas ago. So we weren’t terribly taken aback to learn the firm is plotting aSeptember list.Though that’s earlier than we’d been attempting forward to, we’re not complaining. If the sooner-than-anticipated IPO is due to the market timing, or the firm merely being ready we don’t know yet. However we’re going to when we look the numbers. Recount on the S-1 filing.

Next Alex took us by about a most unique and upcoming IPOs. He promised to be fast, so we’ll replicate the feat here. Final week Phreesia, Medallia, and DouYuwent public(notes here), Livongo bought out this week (S-1 review here), and 9F and CloudMinds like filed. Place a question to more IPO recordsdata in time whether or not you would perchance well prefer it or not.

Leaving the final public markets, Kate had phrases touching on the upcoming Bird round that has yet to shut. The firm is elevating itsSequence D led by Sequoia at a $2.5 billion valuation. Hear to the episode to your weekly scooter rant.

Next, Dannytook us by the Robinhood round, which brought us to a dialogue level. Alex wanted to examine Robinhood to Slack, when the latter firmused to be worth about the identical amount as Robinhood is now. Kate objected to the comparability, one’s an inviting in blueprint enterprise and the different a fintech large. Gentle, Alex had hundreds gargantuan aspects.

We then grew to alter into to HipCamp. The firm, identified as Airbnb for camping, raised a good round of funding at a $127 million valuation. Andreessen Horowitz used to be enthusiastic by draw of new in fashion accomplice Andrew Chen, who unbiased as of late presented one other deal within the email subscription platform Substack. We’re making a guess Airbnb gobbles up HipCamp at some level.

We also touchedon Gusto’s $200 million raise(and its constituentnew valuation), forward of closing with thenow-very-probable Vision Fund 2.0andits Microsoft connection.

All that and we left even more self-discipline matter on the ground due to the time. Be particular to love a examine Equity out on Spotify if you occur to haven’t seen us over there forward of.Click on here to fetch the voice.

Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercast,Spotify, Pocket Casts, Downcast and the entire casts.

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